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san francisco home loan: Transaction from hell, but I think it is finally going to close! - 07/20/07 11:33 PM
I was approached by a Realtor I work with, whose name I won't say, but we will call him Bobby, who was buying a property in Oakland, California. I have strictly worked with Bobby's clients, never actually helped him personally. He was working with his regular personal lender (in the business for a long time), who was having trouble with the property, not with Bobby's qualifications, but the property's. The appraisal he ordered was coming back as "mixed use", because of the layout and one of the rooms that had been converted from it's original structure. Another issue was that the … (14 comments)
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san francisco home loan: Last Call for First Time Homebuyer Seminar - 07/10/07 01:06 PM
Tonight I am hosting a FREE First Time Homebuyer / Homebuyers Seminar, for people in the San Francisco Bay Area. Anyone who is interested in Real Estate, and wants to learn about the ins and outs of owning Real Estate, is more than welcome to attend.
If you are interested in coming, please call me at 650-465-5846 or email me at jvetter@mercurylending.com to reserve one of the last seats available. It is time to act now!
We will be discussing:
Who is involved?
Types of properties
Qualifying Tools
Financing Options
Loan Structure
Budgeting
Expenses to buy a home
The seminar will take about 1:30 in total, if it does last longer, … (4 comments)
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san francisco home loan: You Tube to expose my seminar worldwide! - 06/28/07 02:49 PM
I have posted earlier about a seminar that I am hosting on the Peninsula of San Francisco Bay, in Daly City, California, at the Land America Title Office on July 10th, 2007, and did some research on how I can take that seminar and expose it to not only the people that attend, but also to the masses.
San Francisco Bay Area First Time Homebuyers Seminar!
You Tube was the first thing that came to mind, and how to use it was the next concern.
When in doubt, search for the answer!
I went to the Active Rain search page and came across … (9 comments)
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san francisco home loan: San Francisco Bay Area First Time Homebuyers Seminar! - 06/27/07 06:43 PM
First Time Homebuyers Seminar First Time
Homebuyers Seminar
July 10th 2007
6:30 PM Sharp
Location: Land America Title
333 Gellert Boulevard #100, Daly City, CA
RSVP at 877-395-8140 Extension #1
Please leave a message with your name, your phone number, address,
and the names of any other people that will be coming with you.
Speakers:
Jana Cole, West Bay Lovely Homes, Broker/ Realtor
To learn more about Jana Cole, you can see some of her writings at http://activerain.com/blogs/lovelyhomes
Jon Vetter, Mercury Lending, inc., Senior Mortgage Specialist
To learn more about Jon Vetter, you … (1 comments)
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san francisco home loan: Budgeting Made Easy! Part 2 - 06/07/07 04:44 PM
Having already written my post on Budgeting, at Budgeting Made Easy! Part 1, I rethought the title. I realized that budgeting really isn't that easy. But with property estimating and planning, it can be! That is the purpose of this post.
So we have calculated our bottom line, or disposable income to determine what we can afford out of our mortgage. The easiest way to visualize it is with numbers. Let's say hypothetically your disposable income after all expenses (Step 5), and the number you have come up with is $2,000.
We need to determine what that number translates to for your mortgage. … (0 comments)
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san francisco home loan: Budgeting made easy! Part 1 - 06/04/07 06:17 PM
Most people think they have it all under control. They get a steady paycheck, and know how much they can afford based on what they have now. I think that is wonderful! Those same people are thinking about starting the American Dream of home ownership, and think that the ease will transfer just as smoothly.
Homeownership can be easy, but properly planning is the essence of homeownership without stress. I get approached all the time by people looking to buy, and they currently pay rent of let's say $1000, and want to buy a home for $500,000. Being conservative, that will translate … (0 comments)
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san francisco home loan: Cut the cr#*, excuses only go so far. - 06/03/07 01:52 AM
I was a speaker at a First Time Homebuyer Seminar this afternoon, and for last time was disrespected.
Let's start off with an explanation. I was approached to host a mutually run seminar in Oakland California, for First Time Homebuyers. I think of it more as a homebuyers seminar, let's face it even people with homes need the education!
Over the last couple weeks I met with the other coordinator to go over the details, and get it all set up.
One of the things I pride myself on is my professionalism. This doesn't mean that I am a snooty know it … (15 comments)
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san francisco home loan: Prime or not Prime, that is the big mortgage question. - 05/31/07 01:06 PM
I was doing my daily routine today, which usually starts off with a look at the morning market on Bloomberg, and then progresses to reading cnnmoney.com. One of the first articles I saw was Wow, I could've had a prime mortgage.
It discusses the fact that 15-35% of all people in subprime loans were given to people that could have qualified for prime loans. I knew this was an issue, but not to this extent. Towards the end of 2006 and start of 2007, I had 4, yes 4, clients that I was refinancing, and all 4 of them were perfect … (2 comments)
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san francisco home loan: Another scary Neg-Am story! ARRGGGHH... - 05/24/07 06:46 PM
It has happened again...Well, let's face it, happens a lot more than I hear.
I met with a Real Estate Agent I work with, who has a friend that bought a home in the San Francisco Home Loan Market in January, and was concerned because she didn't really know what type of loan she given, and wanted to find out. The Real Estate Agent was not the agent on the transaction, I know she would have looked out for her client at the loan signing. The buyer had been told she was getting a 4.5% fixed rate for 5 Years.
I have heard this … (14 comments)
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san francisco home loan: Company Photos show your personality - 05/22/07 08:30 PM
Today was a beautiful day in San Francisco. A great day to capture on film. Our company has been waiting for the right day to have some fun, and get a good group shot.
Here are some of our pics. Do you think pictures speak for themselves when it comes to a company, or a person?
What do pictures say? Do you think artsy pictures have a better effect than smily face pictures? Have you gotten feedback from clients regarding your pictures?
Jon Vetter
San Francisco Loan Officer for your San Francisco Home Loan
… (0 comments)
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san francisco home loan: There are four types of people... - 05/21/07 02:43 PM
Over the weekend I came to the realization that there are four types of people when it comes to credit. I think it is extremely important to find out who you are in the mix... Here are the four types:
1. People that think they have great credit, and do have great credit.
2. People that think they have great credit, but have bad credit.
3. People that think they have bad credit, and do have bad credit.
4. People that think they have bad credit, but have good credit.
In my experience, people are pretty aware of how they stand with credit, they have been told … (0 comments)
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san francisco home loan: Last Call for Loan Officer...Last Call - 05/15/07 06:11 PM
The mortgage business has been flooded with Loan Officers looking to make a quick buck. Why? Because it is easy...Pass a couple online classes, take a test...Presto! You can do a loan...
Sometimes, if the broker has the right license, you don't even need a license!
That is great, and some of the services other Loan Officers can offer are wonderful, but long term relationships and trust is most important. It is time to stop shopping, stop floating from broker to broker, stop wasting time, and settle down with the right broker. Am I him/her? Maybe...I think you would be doing yourself a … (2 comments)
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san francisco home loan: To TIC or not to TIC. - 05/15/07 04:27 PM
One of the major affects of the great appreciation of San Francisco and the Bay Area, has been that it has locked out many potential buyers from being able to afford housing. The market has developed, and many other options have come out to help people get started, because let's face it, starting is the most difficult thing.
I wrote a blog about BMR (Below Market Rate) housing in San Francisco, about some of the ways you can get started. It was titled BMR- Below Market Rate Housing. This is one program.
Another that has come about a lot in San Francisco … (0 comments)
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san francisco home loan: Working late, of course! - 05/09/07 12:52 AM
I have come to the conclusion that blogging and expressing myself is something that I enjoy. I want to continue it as much as possible. I have also noticed that it takes away significantly from my hands on production. I guess with any new venture, it takes time to work into it, to see true results, and learn how to make it work. For me, blogging will have to take place more in off times, like at night. Not to say I won't blog during the day, the focus has to come at night. Isn't that just life!
Mary McKnight‘s Post (Betty … (2 comments)
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san francisco home loan: Catering to the Deaf Community - 04/25/07 09:03 PM
I have the great pleasure of having a wonderful wife that is a teacher for multiply handicapped deaf children in the Bay Area, and am trying to offer more services to the community. I have talked with my wife about her committment, and we are agreeing that she will offer her interpretting services for free to anyone that would like the advice. We are local to the San Francisco Bay Area, and will travel if within reason. Either through email, or our home TTY, we would love to help anyone in the Deaf Community, in any way possible. I would usually … (3 comments)
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san francisco home loan: What has become known as an "Option ARM" is not the best option in most cases. - 04/25/07 05:18 PM
The San Francisco Home Loan Market has been overwhelmed by lenders pushing, even specializing and promoting this loan called the "Option ARM". You may have heard it on the radio, you may have seen it on TV, I guarantee you have received something in the mail about it. It promotes the 1% payment rate, and boasts about being fixed for 5 years, or more. The reality is, there are 100's of options out there for this loan, and I have searched the blog posts front to back, and don't really see an unvailing of what this loan is. I don't want … (2 comments)
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Jonathan Vetter
San Francisco,
CA
More about me…
Mercury Lending
Address: 444 De Haro Street #130, San Francisco, CA, 94107
Office Phone: (415) 371-8400 x 232
Cell Phone: (650) 465-5846
Email Me
These are some of my insights on the Bay Area Home Mortgage market, and California and Oregon in general. Please let me know if you are liking what I am writing!
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